Through one of its blog posts and select media channels, Coinbase announced that they have launched an iOS app yesterday. We checked and found the updated app on the appstore. This announcement means that users of this app can buy, sell and send Bitcoins from their iPhones. I think being available on the mobile, in an easy app with buy/sell option fulfills the promise of a true digital currency.

The previous version of the Coinbase app lacked the buying and selling option. Previous versions were released earlier this year. The old versions of the app didn't click so much, mostly due to Apple’s restriction on using the app to trade Bitcoins. So now do we have Apple's approval to Bitcoins?

The latest announcement comes as a follow up to the Coinbase’s previous announcement on August, 2013 which was to introduce SMS based buying and selling. You can take a look at the screenshots of the Coinbase iOS app released by Coinbase.

[widgetkit id=1999]

Coinbase is a platform which allows trading of Bitcoins. Any user could create a wallet, link his/her bank details and start using Coinbase to trade Bitcoins. Coinbase was found in June, 2012 by Brian Armstrong (CEO) and Fred Ehrsam with Mark Peter Davis as an investor. Since its inception the company has raised $6.71 Mn in funding.

There are other apps on iOS platform which allow trading of Bitcoins. The most prominent one being “Bitcoin by MtGox Mobile.” One of the concern areas of this app is the low user ratings. This can be one of the areas where the latest version of the Coinbase iOS app could score over its competition.

Vaseem Khan is a founding member and a primary author at MEDICI. He is a Payments enthusiast and an avid reader. He loves being involved on initiatives related to Technology, Startups & Payments. He has been associated with companies like Gallup as a Management Consultant and Oracle as an Account Manager.

Don't Miss Out

Subscribe to MEDICI's (Global Fintech) Insights Today!

All ﬁelds are mandatory

First Name*

Email Address*

Company*

Title*

Role*

By checking this box you confirm that you have read and agree to MEDICI’s Terms of Use and that you have read MEDICI’s Privacy Policy, and you would like to receive our newsletter as well as other information about our and our Business Partners products/services, events, news, and offers.*